Tegna President-CEO Dave Lougee says he will continue to look for stations that meet his performance and market criteria to the extent the FCC ownership limits allow. He also addresses the advantages of scale, automated spot buying, retrans threats, his decision to take national sales in-house, regulation, the weakness of auto spot, the strength of political spot and his hope for ATSC 3.0.
The top executives of four TV station groups assessed the state of the TV broadcasting business (l-r: Hearst’s Jordan Wertlieb, NBC’s Valari Staab, Tegna’s Dave Lougee and Sinclair’s Chris Ripley). Among their topics were the future of audience measurement including specific-device measurement built into the ATSC 3.0 standard; why automated buying and selling of TV ads has been so slow to be adopted; and the changing value of sports programming, especially NFL games. (Photo: Wendy Moger-Bross)
They will be presented at the group’s Sept. 27 banquet in Washington. Rep. Marsha Blackburn to deliver the keynote address.
Tegna’s board of of directors has authorized a share repurchase program for up to $300 million of its common stock, the company said Tuesday.
The Media Institute will honor Tegna President-CEO Dave Lougee and Newseum President-CEO Jeffrey Herbst at its annual Friends & Benefactors Awards Banquet Sept. 27 at the Ritz-Carlton Hotel in Washington, D.C. Lougee will receive the American Horizon Award, while Herbst will receive the Freedom of Speech Award. The master of ceremonies will be communications attorney and […]
Gracia Martore retires after more than 30 years with the company. She’s succeeded as Tegna president-CEO by Dave Lougee. Cars.com begins trading on the NYSE under the symbol CARS.
The separation is expected to be completed by May 31. Tegna stockholders to receive one share of Cars.com stock for every three Tegna shares. Cars.com to pay Tegna $650 million in cash.
Tegna Media President Dave Lougee says that negotiations with streaming services like Sony PlayStation Vue and DirecTV Now are progressing smoothly. In today’s call with analysts, he also addresses retrans revenue, possible easing of the TV ownership restrictions, the outlook for core and political advertising, its latest syndicated programming venture and its Premion OTT advertising service. He also says Tegna sold no spectrum in the incentive auction.
As the company spins off Cars.com to shareholders and evaluates “strategic alternatives” for CareerBuilder, it says broadcasting chief Dave Lougee will take over for retiring CEO Gracia Martore and Alex Vetter will become CEO of the independent Cars.com.
NAB Joint Board Chairman Dave Lougee doesn’t like to make predictions about how the association’s policy initiatives will turn out, but he promises it is working hard to insure that FCC doesn’t tip the scales in favor of MVPDs in retrans negotiations, that the incentive auctions benefit sellers without harming non-sellers and that TV broadcasters have the option of moving to a superior transmission standard.